煤炭企业现金持有水平与企业绩效的关系研究

Research on the relationship between cash holdings level and enterprise performance of coal enterprises

选取2009-2018年我国沪深A股上市的煤炭企业为研究对象,实证研究了国有煤炭企业与非国有煤炭企业的现金持有水平对企业绩效的影响。研究发现:煤炭企业的现金持有水平对企业绩效具有促进作用;非国有煤炭企业的现金持有水平对企业绩效的促进作用明显高于国有煤炭企业。研究结果可为煤炭企业的现金持有水平对企业绩效影响等问题的研究提供参考与借鉴。

This paper selected the coal enterprises listed in the A-share Shanghai and Shenzhen from 2009 to 2018 as the research object,and empirically studied the impact of the cash holding level of state-owned coal enterprises and non-state-owned coal enterprises on the enterprise performance.The study found that the cash holding level of coal enterprises could promote the performance of enterprises;the cash holding level of non-state-owned coal enterprises could significantly promote the performance of enterprises compared with state-owned coal enterprises.The research results could provide reference for the study of the impact of the cash holding level of coal enterprises on the performance of enterprises.